Notice2025-16633
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 29, 2025
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments." The OCC also is giving notice that it has sent the collection to OMB for review.
Full Text
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<title>Federal Register, Volume 90 Issue 166 (Friday, August 29, 2025)</title>
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[Federal Register Volume 90, Number 166 (Friday, August 29, 2025)]
[Notices]
[Pages 42300-42301]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16633]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Community and Economic Development
Entities, Community Development Projects, and Other Public Welfare
Investments
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites comment on a continuing information
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not conduct
or sponsor, and the respondent is not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number. The OCC is soliciting
comment concerning the renewal of its information collection titled,
``Community and Economic Development Entities, Community Development
Projects, and Other Public Welfare Investments.'' The OCC also is
giving notice that it has sent the collection to OMB for review.
DATES: Comments must be received by September 29, 2025.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible.
You may submit comments by any of the following methods:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#6d1d1f0c04030b022d020e0e43191f080c1e430a021b"><span class="__cf_email__" data-cfemail="82f2f0e3ebece4edc2ede1e1acf6f0e7e3f1ace5edf4">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0194, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<bullet> Fax: (571) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0194'' in your comment. In general, the OCC will publish
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Written comments and recommendations for the proposed information
collection should also be sent within 30 days of publication of this
notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. You can find this
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
You may review comments and other related materials that pertain to
this information collection following the close of the 30-day comment
period for this notice by the method set forth in the next bullet.
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
Hover over the ``Information Collection Review'' tab and click on
``Information Collection Review'' from the drop-down menu. From the
``Currently under Review'' drop-down menu, select ``Department of
Treasury'' and then click ``submit.'' This information collection can
be located by searching OMB control number ``1557-0194'' or ``Community
and Economic Development Entities, Community Development Projects, and
Other Public Welfare Investments.'' Upon finding the appropriate
information collection, click on the related ``ICR Reference Number.''
On the next screen, select ``View Supporting Statement and Other
Documents'' and then click on the link to any comment listed at the
bottom of the screen.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech disability, please dial 7-1-1 to
access telecommunications relay services.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
Federal agencies must obtain approval from the OMB for each collection
of information that they conduct or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to
include agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
The OCC asks the OMB to extend its approval of the collection in this
notice.
Title: Community and Economic Development Entities, Community
Development Projects, and Other Public Welfare Investments.
OMB Control No.: 1557-0194.
Type of Review: Regular.
Affected Public: Individuals; Businesses or other for-profit.
Description: This submission covers an existing regulation (12 CFR
part 24), including the CD-1, National Bank Community Development
Investments form, pursuant to which a national bank may notify the OCC,
or request OCC approval, of certain community development investments.
Section 24.5(a) provides that an eligible national bank may make a
public welfare investment without prior notification to, or approval
by, the OCC if the bank submits an after-the-fact notification of an
investment within 10 days of making the investment.
Section 24.4(a) provides that a national bank may submit a written
request to the OCC to exceed five percent of its capital and surplus
for its aggregate, outstanding public welfare investments. The OCC may
grant permission to the bank to make subsequent public welfare
investments up to the approved investment limit without prior
notification to, or approval by the OCC, using the after-the-fact
notification process consistent with Sec. 24.5(a).
Section 24.5(a)(5) provides that a national bank that is not an
eligible bank, consistent with Sec. 24.2(e), but that is at least
adequately capitalized and has a composite rating of at least 3 with
improving trends under the Uniform Financial Institutions Rating
System, may submit a letter to the OCC requesting authority to submit
after-the-fact notices of its public welfare investments.
Section 24.5(b)(1) provides that if a national bank does not meet
the requirements for after-the-fact notification, including if the
bank's aggregate outstanding investments exceed the five percent limit,
unless previously approved by the OCC for subsequent public welfare
investments, the bank must submit an investment proposal to the OCC
seeking permission to make the public welfare investment.
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 1,350.
Estimated Total Annual Burden: 2,172 hours.
Comments: On June 23, 2025, the OCC published a 60-day notice for
this information collection, (90 FR 26676). No comments were received.
Comments continue to be invited on:
[[Page 42301]]
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Eden Gray,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-16633 Filed 8-28-25; 8:45 am]
BILLING CODE 4810-33-P
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